Capital Environment Holdings Limited announced that Mr. Cheng Jialin ("Mr. Cheng") has resigned as an executive director of the Company due to his commitment to other career development, with effect from 4 March 2020. Mr. Cheng has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that, Mr. Xiao Yukun has been appointed as an executive director of the Company, with effect from 4 March 2020. Mr. Xiao Yukun ("Mr. Xiao"), has been the Deputy General Manager, Deputy Secretary of the Party Committee and Secretary of the Disciplinary Committee of Beijing Capital Investment & Guarantee Co. Ltd.